TikTok’s U.S. operations will be run by a new joint venture named TikTok USDS Joint Venture LLC, according to a report from CNBC, which cited a memo sent to TikTok employees by CEO Shou Zi Chew.

A memo reportedly reveals that the new U.S. investors may wield significantly less influence than anticipated.

It’s hard to argue that social media doesn’t shape current events, and this influence often leaks into financial markets. Social media influencers can often reach millions of people, which has an ...

TikTok is owned by ByteDance, not publicly traded; invest via KKR, SoftBank, Oracle. Oracle, Silver Lake, and MGX may hold 45% in TikTok USA by 2025 end. Investing in TikTok entails risks like ...

Meta Platforms shares were sliding in late trading Wednesday after the social media giant reported disappointing second-quarter results, and a third-quarter outlook that was dramatically below Wall ...